New York Laws > County > Article 1 – Short Title; Application; Definitions
Current as of: 2024 | Check for updates
|
Other versions
| § 1 | Short title |
| § 2 | Application of chapter |
| § 3 | Definition of a county |
Terms Used In New York Laws > County > Article 1 - Short Title; Application; Definitions
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Escrow: Money given to a third party to be held for payment until certain conditions are met.
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.